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Introduction .............................................................................................. 2

Objectives of the Program ................................................................... 3

How the CBP Credential Will Enhance Your Professional Practice .............................................................................. 3

Benefits of the CBP Credential ........................................................... 3

CBP Credential Requirements ............................................................ 4

CBP Credential Application Process ................................................. 4

CBP Credential Point System .............................................................. 5

CBP Credential Application Audit ..................................................... 6

Receiving the CBP Credential ............................................................. 7

CBP Credential Recertification Requirements .............................. 7

Additional Information ......................................................................... 7

CBP Exam Application .......................................................................... 8

Frequently Asked Questions ............................................................. 9

Contents of the Exam ........................................................................... 10

1

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Objectives of the Program

The Objectives of the CBP Credential Program : Achieve public recognition of the CBP as the preferred budgeting professional. Enhance the quality of Budgeting services CBPs provide. Increase practice development and career opportunities for CBPs. Promote members' services through the ICCA Web Site : www.iccaus.com

How the CBP Credential will Enhance Your Professional PracticeProfessionals who provide budgeting services should consider obtaining the CBP Credentil because it :

Positions the Credential holder as a premier budgeting services provider.

Enhances the practitioner's image as a competent, trustworthy budgeting expert promotes a greater level of confidence for current and potential clients.

Demonstrates commitment to continuously improving budgeting skills and expertise, resulting in increased professional competency.

Offers greater revenue opportunities - budgeting consistently has been in the top five growing service areas in the Accounting today profile of top 100 Firms .

Expands opportunities for referrals from other practitioners, strategic partners, attorneys and clients.

Benefits of the CBP Credential

CBP Marketing Toolkit :

Designed to help CBP Credential holders market their skills and build their budgeting practices.

Public Awareness Program :

The ICCA ongoing media relations campaign heightens the awareness of the CBP Credential among clients, the business and legal communities, and various media outlets.

Professional Discounts :

CBP s also benefit from vendor discounts and special offers on selected products and publications used in their budgeting practices.


A CBP Credential Requirements

To qualify, a candidate must:

1. Maintain ICCA membership in good standing

2. Complete an CBP Examination application

3. Pay an initial fee of $550, which includes the cost of the examination and the first year of CBP Credential membership dues.

4. Pass the CBP Examination or its equivalent.

5. Comply with the requirements of CBP Credential recertification.

CBP Credential Examination Application Process

1. Obtain a copy of the CBP Examination Application in the back of this handbook or online.

at www.iccaus.com

2. Complete application.

3. Submit Via E-mail : [email protected]


CBP Credential Point SystemTo earn a CBP Credential, a candidate must accumulate a

total of 100 points, which are based on the CBP

Examination Business Experience and Lifelong Learning.

Candidates have 24 months after passing the CBP

Examination to complete the Business Experience and

Lifelong Learning requirements, Requirement Minimum

The Examination RequirementThere are two ways to satisfy the 50-point examination requirement :

1. Pass the CBP (8-hour) Examination ; or

2. Hold the CPA, CFA Credential for information about

the ICCA’s CBP Examination, including registration

information and CBP Examination Review Course

schedules, go to www.iccaus.com

The Business Experience Requirement :

A CBP candidate must have a minimum of 15 points (up

to maximum of 35 points) in business or full-time

teaching experience. Examples of business experience

include, but are not limited to :

1. Master Budget and Responsibility Accounting

2. Flexible Budgets, Direct cost variances, and management control.

3. Flexible Budgets, overhead cost variances, and management control.

4. Pricing Decisions and Cost Management.

5. Strategy, Balanced Scorecard, and strategic profitability analysis.

6. Cost aloocation, customer-profitability analyis, and sales-variance analysis.

7. Capital Budgeting and Cost Analysis.

The Lifelong Learning Requirements

A CBP candidate must earn a minimum of 15 points (up to

maximum of 35 points) in Lifelong learning. The

objectives of the Lifelong Learning component of the

program are:

Maintain competency by requiring timely updates of

valuation knowledge and skills

Provide a mechanism for monitoring maintenance of

competency.

Lifelong Learning covers several areas of budgeting

competency, continuing education and academic

contributions. A candidate will receive one (I) point for

every three (3) qualifying hours.

Continuing professional education credit (CPE), approved

courses at accredited universities or colleges, continuing

education courses or attendance at trade conferences are

eligible for a maximum of 105 hours (35 points).

CPE credit will be given for formal CPE programs of learning in self-study or group-study format relevant to the CBP body of knowledge.

Approved Courses at an Accredited University or College, for university or college courses taken in topics relevant to the CBP body of knowledge, each unit of credit shall equal the following hours:

• Semester system : 15 hours equals 5 points

• Quarter system : 10 hours equals 2 points

For example, an individual that takes a course at a

university for 3 semester credits would receive 45 hours

(15 points) and a course worth 3 quarter credits would

receive 30 hours (6 points)

Requirement MinimumPoints

MaximumPoints

Examination 50 50

Business Experience 15 35

Lifelong Learning 15 35

EngagementHours

DeterminingPoints

EnterPoints

BusinessExperience(15 - 30 Points)

Engagement Project ( # of x 2.5 = engagements)

Hours Working onEngagement Project (enter hours) / 10 =

Total SectionPoints


Trade Association Conferences, Credit may be earned for attending sessions on topics relevant to the CBP body of knowledge at trade association conferences, (conferences for which CPE is not given).

Presenting and Lecturing, Topics related to the CBP body of knowledge are subject to a maximum allowance of 45 hours (15 points), Instructors receive credit for preparation and presentation of CPE courses and technical papers on topics relevant to the CBP body of knowledge. Under CPE guidelines, preparation time up to two times the number of presentation hours, plus presentation time for the first time a course is presented, is allowed. For repeat presentations, instructors receive no credit unless they can demonstrate that the program content involved was substantially changed and that such change required significant additional study or research.

Authoring, Articles and publications in topics related to the CBP body of knowledge are subject to a maximum of 30 hours (10 points), Writers of published articles, books or CPE programs in topics relevant to the BV body of knowledge will be given credit for their research and writing time if this time increases professional competence. Under CPE guidelines, credit for writers is measured in contact hours. For a writer to receive credit, the article, book or CPE program must be formally reviewed and published by a publisher not under control of the writer.

CBP Credential Application AuditA percentage of accepted applications are selected for a

random audit by the ICCA CBP Credential Committee. Any

misrepresentations or incorrect information provided to the

ICCA can result in disciplinary action, including suspension

or revocation of eligibility and/or credential.

In the event of an audit, documentation of Business

Experience and Lifelong Learning will be required. The ICCA

recommends maintenance of the following records.

Business Experience

- Date of engagement - Role in the engagement

- Type of Industry - Type of Entity

- Purpose of the Valuation - Interest Being Valued

- Approach(es) Employed)

- Form of Documented Conclusion

Lifelong Learning:

For CPE, approved courses at a university, other continuing

education courses and trade association conferences:

Title of course/session, related body of knowledge subject

matter, sponsor of course, name of college/university, format

of course, date(s) number of CPE credits, hours attended,

semester credits, etc.

For Presenting :

Title of program/session, related body of knowledge subject matter, number of CPE credits awarded to participants or length of presentation, date(s) and location or presentation.

For Self-directed Reading:

Name of publication, related body of knowledge subject

matter, name of publisher; number of issues read, type of

publication, dates

For Authoring :

Title of work, related body of knowledge subject matter,

name of publisher, type of publication, date published,

number of hours to prepare

For Committee Service :

Name of organization, name of committee and description

of involvement on the committee, related body of

knowledge subject matter, dates of service.

For Advanced Degrees :

Year degree received and name of university

Credit Hours

DeterminingPoints

EnterPoints

LifelongLearning(15 - 35 Points)

CPE Credits excluding any below (enter credits) / 3 =

Approved Courses at an Accredited University or College

Semester System (enter credits) x 5 = orQuarter System (enter credits) x 2 =

Other ContinuingEducation Courses (enter credits) / 3 =

Trade AssociationConferences (enter credits) / 3 =

Presenting /Lecturing(max. of 15 points) (enter credits) / 3 =

Authoring(max. of 10 points) (enter credits) / 3 =

Total SectionPoints


Receiving the CBP CredentialOnce documentation and payment have been submitted

and approved, the candidate will be notified. At this time, the

candidate will be eligible to use the CBP Credential in

compliance with the rules of the state in which he or she

practices.

The candidate is not authorized to use the credential until he

or she receives this notice.

CBP Credential Recertification RequirementsTo maintain the credential, CBP Credential holders must

continue to pay an annual fee (currently $350) and meet the

following recertification requirements every three years:

- ICCA membership in good standing

- Verification of obtaining at least 60 hours of related

Lifelong Learning over the preceding three years. (Note :

Authoring or publishing articles limited to 24 hours.

Classes taught or lectures given are limited to 36 hours).

- Electronic submission of intent to continue to comply

with all recertification requirements attestations are

requested in late April following and end of the credential

holder’s recertification period.

Additional Information : For more information about the CBP Credential Program, contact the ICCA.

CONTACT E-mail: [email protected]

Visit the ICCA Website at: www.iccaus.com

ICCA (THE INSTITUTE OF CERTIFIED COST & MANAGEMENT ACCOUNTANTS)

CERTIFIED BUDGETING PROFESSIONAL

EXAM APPLICATION FORMAPPLICATION PROFILE

DECLARATION AND INTENT (Please read and indicate agreement below)

PAYMENT INFORMATION

E-mail : [email protected] : Acceptance of payment does not signify approval of your application

The Program entrollment fee for the Credential is $ 550 and is due upon the submission of your application.Please select a payment method, below.

HOME

Applicant Name ICCA Membership No.

Firm or Organization

Address :

City : State Zip

Telephone ( ) Fax No. ( ) E-Mail Address :

BUSINESS

Check the box that applies

Signature

Check Payable to Credential (You will receive a full refund if your exam application is not approved)Credit card (Your credit card payment will be processed upon the approval of your application).

Credit Card : (check one)

Card Number : Expiration Date :

Billing Address : (If different from address above)

City : State : Zip :

Print Name : Sign Name :

VISA MasterCard Discover American Express

Inserting your name here electronically will serve as a valid respresentation of your signature and will considered binding.Date

EXAM REGISTRATIONI'd like to register for the CBP (4-Hour) exam

I hold a CPA, CFA, CMA or CIMA Certificate(s) (For Limited Period)

Questions?

E-mail : [email protected]

MAINTENANCE OF CREDENTIAL

To Maintain the CBP Credential , credential holders most pay annual dues (currently $350) and must comply with the following requirements:

1) Maintain ICCA membership in good standing.

2) Recertification currently requires that the credential holder earn a combined total of 60 hours of related continuing education during the three-year period preceding recertification.

3) Submit a written statement of intent to continue to comply with all requirements to maintain the credential during the recertification period.

AGREEMENT

1) I understand that I may not use CBP Credential or CBP logo or hold myself out as an CBP until I have received official notification of my CBP certification from the ICCA.

2) I hereby authorize investigation of all information I provide in the CBP application.

3) I understand that permission to use the CBP Credential and CBP logo is granted for a period of three years. As the end of such period, if CBP certification is not renewed, certification expires and any right to use the CBP Credential and CBP ogo expires.

4) I understand that, if I fail to comply with the maintenance of credential requirements, I am required to and I agree to immediately cases use of the CBP Credential and CBP logo and understand that in order to regain CBP certification, all initial requirements, including completion of the CBP application, must be again.

5) I have read the recertification requirements stated here and understand that they are subject to change as deemed appropriate by the ICCA and the CBP Credential Committee.

6) In consideration of the CBP certificate granted hereby, I further agree that neither the ICCA, no its officers, directors, employees or others acting on its behalf, shall be liable to me for any actions taken or omitted to be taken in any official capacity or in the scope of employment and I hereby release the ICCA and the other persons identified above from any liability for such actions or omissions.

7) I affirm that I have carefully read understand and agree to the items set forth in this Statement of intent. I further certify that I understand a percentage of CBP applications will be randomly selected for further review and that, if selected I will be required to provide detailed documentation (including specifics of Business Experience and Lifelong Learning) to support the assertions of this application. Failure to provide documentation will be considered non-compliance with the requirement for maintenance of the CBP Credential.

DECLARATION :

I hereby affirm that my statements given in the CBP Applications are true and complete to the best of my knowledge and freely given. I understand that any misrepresentation or omission of facts therein is cause for denial or revocation of the right to use the CBP Credential and logo. If no requested by the Institute of Certified Cost & Management Accountants CBP Credential Committee. I will furnish all additional information or documentation as may be deemed necessary for the verification of the information given here.


Q. Were can i attend the exams ?

A. By contacting our representative in your country he

will provide the student by all information about the

exam place.

Q. Can i have more information about my exam

performence ?

A. In case you fail in the exam, a full report will be given

to you to know your strength and weekpoint.

Q. What is the certificates that i can take it regarding

to the CBP ?

A. Throw the CBP certificate you will :

- Drop the third exam of Canadian CMA certificate.

- Drop all exams of the CTA certificates '' Certified

Technician Accountant'' Certificate.

Frequently Asked QuestionsRegarding the CBP Credential

Q. How does the CBP Credential differ from other

valuation credentials ?

A. The CBP, unlike other budgeting credentials, is

awarded only to Professionals who are members of

the ICCA. Accordingly, this credential represents the

highest professional standards of any valuation

credential and sets the CBP Credential holder apart

from other valuation experts.

Q. Do I need an active license to practice public

accounting to become an CBP?

A. No.

Q. How much will it cost to apply for the CBP

Credential?

A. The CBP application fee currently is $550. Should you

be required to retake the exam, a $200 fee will be

assessed for the second registration process.

Q. The material I have read discusses a point system.

How many points do I need to earn my CBP

Credential?

A. To earn an CBP Credential, a candidate must

accumulate a total of 100 points, which are abstained

by meeting the examination requirements as well as

the Business Experience and Lifelong Learning

requirements. Candidate have 24 months after

passing the CBP Examination to complete the

Business Experience and Lifelong Learning

requirements.

Requirement MinimumPoints

MaximumPoints

Examination 50 50

Business Experience 15 35

Lifelong Learning 15 35


Contents of the Exam1- MASTER BUDGET AND RESPONSIBILITY

ACCOUNTING

I. LEARNING OBJECTIVES

1. Describe what the master budget is and explain its benefitsz

2. Describe the advantages of budgets

3. Prepare the operating budget and its supporting schedules

4. Use computer-based financial planning models in sensitivity analysis

5. Explain kaizen budgeting and how it is used for cost management

6. Prepare an activity-based budget

7. Describe responsibility centers and responsibility accounting

8. Explain how controllability relates to responsibility accounting

2- FLEXIBLE BUDGETS, DIRECT COST VARIANCES, AND MANAGEMENT CONTROL


1. Distinguish a static budget from a flexible budget

2. Develop flexible budgets and compute flexible-budget variances and sales-volume variances

3. Explain why standard costs are often used in variance analysis

4. Compute price variances and efficiency variances for direct-cost categories

5. Understand how managers use variances

6. Perform variance analysis in activity-based costing systems

7. Describe benchmarking and how it is used in cost management

3- FLEXIBLE BUDGETS, OVERHEAD COST VARIANCES, AND MANAGEMENT CONTROL


1. Explain the similarities and differences in planning variable overhead costs and fixed overhead costs

2. Identify the features of standard costing

3. Compute the variable overhead efficiency variance and the variable overhead spending variance

4. Explain how the variable overhead efficiency variance differs from the efficiency variance for a direct-cost

5. Compute a budgeted fixed overhead cost rate

6. Explain two concerns when interpreting the production-volume variance as a measure of the economic cost of unused capacity

7. Show how the 4-variance analysis approach reconciles the actual overhead incurred with the overhead amounts allocated during the period

8. Calculate overhead variances in activity-based costing

4- PRICING DECISIONS AND COST MANAGEMENT


1. Discuss the three major influences on pricing decisions

2. Distinguish short-run from long-run pricing decisions

3. Price products using the target-costing approach

4. Apply the concepts of cost incurrence and locked-in costs

5. Price products using the cost-plus approach

6. Use life-cycle budgeting and costing when making pricing decisions

7. Describe two pricing practices in which noncost factors are important when setting prices

8. Explain the effects of antitrust laws on pricing

5- STRATEGY, BALANCED SCORECARD, AND STRATEGIC PROFITABILITY ANALYSIS


1. Recognize which of two generic strategies a company is using

2. Understand what comprises reengineering

3. Describe the four perspectives of the balanced scorecard

4. Analyze changes in operating income to evaluate strategy

5. Distinguish engineered costs from discretionary costs

Identify unused capacity and how to manage it


6- COST ALLOCATION, CUSTOMER-PROFITABILITY ANALYSIS, AND SALES-VARIANCE ANALYSIS


1. Identify four purposes for allocating costs to cost objects

2. Understand criteria to guide cost-allocation decisions

3. Discuss decisions faced when collecting costs in indirect-cost pools

4. Discuss why a company’s revenues can differ across customers purchasing the same product

5. Apply the concept of cost hierarchy to customer costing

6. Discuss why customer-level costs differ across customers

7. Subdivide the sales-volume variance into the sales-mix variance and the sales-quantity variance

8. Subdivide the sales-quantity variance into the market-share variance and the market-size variance

7- CAPITAL BUDGETING AND COST ANALYSIS


1. Recognize the multiyear focus of capital budgeting

2. Understand the six stages of capital budgeting for a project

3. Use and evaluate the two main discounted cash flow (DCF) methods: the net present value (NPV) method and the internal rate-of-return (IRR) method

4. Use and evaluate the payback method

5. Use and evaluate the accrual accounting rate-of-return (AARR) method

6. Identify and reduce conflicts from using DCF for capital budgeting decisions and accrual accounting for performance evaluation

7. Identify relevant cash inflows and outflows for capital budgeting decisions


Documents

[email protected]/cbp.pdf · Flexible Budgets, Direct cost variances, and management control. 3. Flexible Budgets, overhead cost variances, and management control. 4